- The increasing adoption rate of high speed rail is the one of the key factors growing the global shielded railway connectors market.
- Growing urban population and enhancing economic conditions across the world in developing countries is leading to increasing demand for railway infrastructure.
- North America is expected to dominate the shielded railway connectors market.
Shielded railway connectors are fire and other hazard resistant cable connectors that are safe and simple to install, and they could be either male or female type. These shielded railway connectors are manufactured complying various IEC (International Electrotechnical Commission) standards.
Shielded railway connectors are employed in a wide range of applications in railways, including electric trains, trams, metros, subways, and others. Rugged connectivity is a priority in railways for consistent performance. Also, shielded railway connectors can withstand extreme weather conditions and also they are fire resistant.
Growing urban population and enhancing economic conditions across the world in developing countries is leading to increasing demand for railway infrastructure, which in turn, is driving the volume sales of rolling stock components such as shielded railway connectors.
The increasing adoption rate of HSR (high speed rail) trains owing to the inclination of the millennial population towards public transport for long distance transportation is the one of the key factor attributing towards the growth of the global shielded railway connectors market.
Also, railway transportation is the most environmental friendly and economical as compared to rest of the means, and with the growing concern of worsening climate, the adoption of electric driven vehicle is stipulated to propel; thus boosting the volume sale of shielded railway connectors.
On the basis of connector type, the global shielded railway connectors market can be segmented into the following:
- Board Level & PCB Shielded Railway Connectors
- Power Shielded Railway Connectors
- RF/HF Coaxial Shielded Railway Connectors
- Pin and Spring Load Shielded Railway Connectors
- Modular & Mix Shielded Railway Connectors
- Data & Other Connectors
On the basis of shield type, the global shielded railway connectors market can be segmented into the following:
- Silver Shielded Railway Connectors
- Gold Shielded Railway Connectors
- Stainless Steel Shielded Railway Connectors
- Other Metal Shielded Railway Connectors
On the basis of application type, the global shielded railway connectors market can be segmented into the following:
- Diesel Multiple Units
- Electric Multiple Units
- Trams and Light Rails
- Metros & Subways
- Passenger Coaches & Others
In recent years, the government of numerous developing countries, such as Thailand, China, Singapore, Malaysia, and India, are aggressively investing in rail transit aiming to improve public transportation. Thus the upgrading transport infrastructure is expected to drive the market of shielded railway connectors over the forecast period, and the Asia Pacific region is estimated to lead in the global shielded railway connectors market in terms of growth rate. In terms of market volume, North America is expected to dominate the shielded railway connectors market owing to exiting wide railway network. Further, Europe region is estimated to be second in the run in the global shielded railway connectors market as the region’s government is very strict about adherence of safety standards.
Moreover, developed and developing countries, including China, India, United Sates, United Kingdom, Brazil, Mexico, South Korea, and South Africa, are revolutionizing their transportation infrastructure by introducing high speed trains and driverless trains, which in turn, is anticipated to create significant opportunities in the global shielded railway connectors market over the forecast period. Also, Europe, Japan, and North America emphasize on safe and secure transportation, for instance, the fourth railway package in Europe to create the ‘Single European Railway Area’ is expected to boost the demand for shielded railway connectors during the projected period. Comparatively, Middle East Africa is expected to register a slower growth in the global shielded railway connectors market.
Some of the market participants in the global shielded railway connectors market identified across the value chain include:
- TE Connectivity
- Amphenol Industrial Products Group
- Smiths Interconnect
- Fischer Connectors SA
- A SCHALTBAU COMPANY
- Sichuan Yonggui Science and Technology Co., Ltd